I am in one of those prediction type of moods. I think the so called independent BOD committee will act sooner than later. Therefore, I believe that they will deliver something ah tomorrow. I do not think they will counter anywhere near the $4 range. I think they will come back with an offer/ratio that puts SIRI at about $3.875. I think they will take into consideration that Liberty was offering a 3% premium to the $3.57, and they will consider the 52 week high and counter offer in between. In reality, how many shares did Malone actually purchase of SIRI, and how many shares does he have after selling some back. Outside of the 40% that was given to him, how many real dollars has he actually spent? Amazing if you think about it.

PJ... my concern is that the purchasing company (LMCA) stock price will go down thus negating any increase in the buyout ratio.

Originally Posted by pjgourley

I am in one of those prediction type of moods. I think the so called independent BOD committee will act sooner than later. Therefore, I believe that they will deliver something ah tomorrow. I do not think they will counter anywhere near the $4 range. I think they will come back with an offer/ratio that puts SIRI at about $3.875. I think they will take into consideration that Liberty was offering a 3% premium to the $3.57, and they will consider the 52 week high and counter offer in between. In reality, how many shares did Malone actually purchase of SIRI, and how many shares does he have after selling some back. Outside of the 40% that was given to him, how many real dollars has he actually spent? Amazing if you think about it.

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Hahaha - I regret I keep flipping between feeling sorry for this dude, and laughing at his post. Since these patterns are generally the same, he'll likely get a chance to get most back after a 13ema bounce or pennant formation, but it doesn't sound like the person is the type that will take advantage of that - ie. more the type that would want it *all* back - thus will just wait or even average down and hope for recovery. All in all, in this day and age, if the person is typing on some board, they know what money management is and also knows it gives a 100% guarantee that this sort of pain doesn't happen, and if they want to disregard that and gamble, so be it.

Anyway - my buddy mentioned some of you were in PHOT, so I thought I'd pop in. But I figured the discussion would be in market watch, but it appears that's slowed a little (maybe I'll go over there and talk to myself anyway). PHOT is doing ok by me.